Mariana Resources seeking Toronto listing

Mariana Resources revealed it is seeking a dual listing on Monday, looking to be added to the TSX Venture Exchange in Toronto while retaining its current listing in London.

Mining

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The AIM-traded exploration and development firm currently has projects in Turkey and South America.

"Mariana believes that the decision to dual list the company comes at an opportune time as the market begins to show positive signs, specifically in relation to gold,” said chief executive officer Glen Parsons.

“The high grade Hot Maden gold-copper development project in Turkey and the Argentine gold portfolio is becoming increasingly attractive to North American investors,” he added.

Parsons said Mariana’s visibility has grown significantly over the last two years, with the company gaining a stronger institutional following from Canada and the US.

The interest would play a role in ensuring the company’s ability to move its portfolio forward efficiently, he commented, meaning the creation of an exchange platform for North Americans was now a priority.

"The dual listing will also give Mariana access to a wider capital pool for future fundraising as markets continue to improve. Mariana is familiar with the TSX exchanges and commitment to this market will be fully supported.

“We anticipate the process to complete in 2-3 months and, accordingly, Mariana's market visibility will be increased,” Parsons concluded.